Semiconductor PCB Company TLB Seeks IPO On Kosdaq: Report

0
658
Advertisement
  • TLB has hired as DB Financial Investment Co. as a book runner for its initial public offering
  • TLB was founded in 2011 by an engineer from Daeduck Electronics Co

As per a report by Pulsenews, TLB Co., South Korean printed circuit board (PCB) firm has started the process to go public in the country’s secondary Kosdaq stock market within this year. The report added that TLB has hired as DB Financial Investment Co. as a book runner for its initial public offering (IPO). Reportedly, the company is getting ready to file for a preliminary IPO review by September.

Semiconductor PCB market is estimated to reach 2.85 trillion won this year

The report adds that TLB was founded in 2011 by an engineer from Daeduck Electronics Co. TLB achieved 100 billion won ($84 million) in sales in just about a year in business as per the report. It further adds that for 2019, the company registered 10.5 billion won in operating income on sales of 149.1 billion won. Sales nearly remained the same as the previous year but the operating income expanded 2.4 times and net profit tripled to 9.1 billion won said the report.

The report said that the semiconductor PCB market is estimated to reach 2.85 trillion won this year. It will go up 2.5 per cent from the previous year as per a projection made by the Korea Printed Circuit Association at the beginning of this year.

Advertisement

SHARE YOUR THOUGHTS & COMMENTS

Please enter your comment!
Please enter your name here

Are you human? *